Conservation happens

07/28/2003
What can a government do about energy conservation? What SHOULD a government do about energy conservation? With worry high in the US about elevated prices of natural gas, with dependency on imported oil rising, and with political campaigns revving up, these questions need constant attention. What governments do—or at least threaten to do—about energy conservation usually is wrong.Energy conservation holds nearly universal appeal. It should. Energy conservation is a law of nature. And the laws of economics cooperate nicely by providing constant inducements, which strengthen when supply comes under strain and prices rise. This is happening now in the US with natural gas. Conserv...
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